07:54 AM EDT, 05/16/2024 (MT Newswires) -- Enbridge ( ENB ) said Thursday that it plans to launch an at-the-market equity issuance program, aiming to use the proceeds to partially fund its previously announced acquisitions of three US natural gas utilities from Dominion Energy Inc.

Under the program, Enbridge ( ENB ) may may issue and sell up to $2.75 billion of its shares through the TSX, NYSE or other marketplace in Canada or the US where its shares may be traded.

Enbridge ( ENB ) said it continues to have alternative funding options, including the issuance of senior unsecured notes and junior subordinated debt, as well as its ongoing capital recycling program.

The company said it has made certain securities filings in Canada and the US for the program.